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SEC Approves Bitcoin Spot ETFs to List on Major Exchanges

Posted on 1/10/24 at 4:17 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123854 posts
Posted on 1/10/24 at 4:17 pm
SIAP.

This time it is a real approval.

LINK
Posted by I Love Bama
Alabama
Member since Nov 2007
37701 posts
Posted on 1/10/24 at 4:36 pm to
Number will keep going up and haters will keep hating.
Posted by UnluckyTiger
Member since Sep 2003
35764 posts
Posted on 1/10/24 at 5:13 pm to
It’s going to retrace big time before it breaks 100k, you know this.
Posted by I Love Bama
Alabama
Member since Nov 2007
37701 posts
Posted on 1/10/24 at 5:16 pm to
We will see. I thought so as well but it is pumping now
Posted by Hateradedrink
Member since May 2023
1281 posts
Posted on 1/10/24 at 5:37 pm to
Same day nick Saban retires.

Coincidence?

Alabama bitcoin recruiting ponzi CONFIRMED
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40847 posts
Posted on 1/10/24 at 5:43 pm to
I guess we will see how much true demand there is for BTC now... guessing a lot less than the crypto bros anticipate.

Does feel like sells the news event, so I would not judge it based on the next few days
Posted by LSUcam7
FL
Member since Sep 2016
7903 posts
Posted on 1/10/24 at 5:51 pm to
It’ll definitely attract money from the institutions.

Doesn’t this also invite short selling?
Posted by Hateradedrink
Member since May 2023
1281 posts
Posted on 1/10/24 at 5:52 pm to
What the frick?

You literally judge if it’s a “sell the news event” if it sells ON the fricking news
Posted by I Love Bama
Alabama
Member since Nov 2007
37701 posts
Posted on 1/10/24 at 5:56 pm to
Yup
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40847 posts
Posted on 1/10/24 at 6:06 pm to
quote:

Doesn’t this also invite short selling?


Obviously makes it much easier to short. Before you had to go through an exchange.

However, I would think most would stray from shorting as long as the price is highly correlated to things like Tether
Posted by saint tiger225
San Diego
Member since Jan 2011
35371 posts
Posted on 1/10/24 at 8:24 pm to
quote:

UltimaParadox

Gary Gensler Jr.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40847 posts
Posted on 1/10/24 at 8:54 pm to
Gary and I go way back after Alabama I attended MIT where Gary was a professor there
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80766 posts
Posted on 1/10/24 at 9:09 pm to
quote:

It’s going to retrace big time before it breaks 100k, you know this.

Sure, every bull market there are multiple 30% dips.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80766 posts
Posted on 1/10/24 at 9:11 pm to
quote:

Does feel like sells the news event,
The news happened 6 hours ago. When does selling the news not sell when the news is out?
Posted by 98eagle
Member since Sep 2020
1952 posts
Posted on 1/10/24 at 9:22 pm to
You know there were a bunch of dummies that sold on the news. Problem is for them that the price didn't drop like they expected.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80766 posts
Posted on 1/10/24 at 9:24 pm to
And tomorrow Blackrock is saying at least $2billion inflows in 1 day. Seems high and would shatter any ETF record for first day trading in history. We shall see - $2billion would move price pretty good
Posted by castorinho
13623 posts
Member since Nov 2010
82013 posts
Posted on 1/11/24 at 2:11 am to
quote:

What the frick?

You literally judge if it’s a “sell the news event” if it sells ON the fricking news
That's not what he's saying.
You missed the point he's making.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10388 posts
Posted on 1/11/24 at 6:08 am to
If you guys figure out a mutual fund to buy in a 401k that's mutual funds only, please let us know. I want in asap.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14445 posts
Posted on 1/11/24 at 6:11 am to
Alright boys which ETF you looking at? Will it be blackrocks? IBIT. Lets get this thread up to 800 pages.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80766 posts
Posted on 1/11/24 at 6:39 am to
I like the Fidelity (FBTC) the best for the simple reason that they are holding the Bitcoin themselves. Their fees are competitive with the rest
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